STB Calls for Proposals to Develop Integrated Tourism Development in Jurong Lake District – Mothership.SG
The Jurong Lake District will be transformed into a lifestyle and tourism hub, and tourism development is expected to be completed by 2028.
First announced in 2019, this area will also become Singapore’s largest business district outside of the CBD.
Call for tourism development proposals
The Singapore Tourism Board (STB) issued a Request for Proposals (RFP) on March 15 to solicit ideas to develop and operate this integrated tourism development on land at the junction of Boon Lay Way and Jurong Town Hall Road.
The total land area is 67,596 square meters.
The STB expects tourism development to include “high quality accommodation as well as a mix of attractions, retail, dining and entertainment”.
The development is expected to emphasize technology, “edutainment” and sustainability, the press release says.
It is also expected to complement existing nearby attractions such as Jurong Lake Gardens and the new Science Center.
STB chief executive Keith Tan said the launch of this tender signals Singapore’s intention to move forward with medium-term plans so that we can build better for the future.
Under the Modified Concept and Price Revenue Tender approach, investors are required to submit their concept proposals and tender prices separately.
The tender will be open for seven months and the deadline for submitting proposals is October 18, 2022.
As soon as the call for tenders is awarded, the entire site will be leased to the selected promoter for 60 years.
Transformation of Lake Jurong District
According to STB, the 410 hectares of Jurong Lake District will be subject to further development over the next two decades as the government prioritizes the sale of sites in the district.
Over 120 hectares of land will be available for development over the next 30 years.
By 2040 to 2050, Jurong Lake District is expected to have 100,000 new jobs and 20,000 new homes.
As Jurong Lake District attracts more and more businesses and residents to settle here, a strong demand for high-quality leisure activities and short-term accommodation is expected, STB explained.
All images via STB.